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The agency may use a digital ledger as means to “squeeze costs out of government,” insiders with knowledge on the new Department of Government Efficiency’s inner deliberations have told US business media.
Blockchain, originally popularized by Bitcoin, could be used to track federal spending, secure data, make payments, and even manage buildings, sources told Fortune.
DOGE reps have already met with a number of blockchain creators to try out their offerings.
If approved, DOGE would become the largest organization to use blockchain, joining companies like Walmart, BlackRock, and California’s DMV, which has digitized millions of car titles with the Avalanche blockchain.
Musk’s own Tesla started using blockchain solutions to trace raw materials used in EVs to make sure they were sustainable in 2020.
On the campaign trail, Donald Trump expressed support for digital finance, including Bitcoin, with his endorsement and big hedge funds’ entry into the market resulting in a major spike in its valuation.Tap Here for the Full Story
